CITADEL’S RUBNER TURNS BULLISH, SEES MARCH STOCK BOUNCE Citadel Securities’ Scott Rubner reversed his bearish call, citing washed-out sentiment, strong retail flows, and supportive seasonality as drivers for a rebound in U.S. equities. After February’s selloff—the worst month since March 2025—defensive positioning leaves room for gains if geopolitical tensions ease. 🔸 Retail traders remain a key force, consistently buying dips and keeping options activity elevated. 🔸 Large March options expirations could trigger a re-risking rally, especially in quality tech stocks. 🔸 Historically, March offers positive returns for the S&P 500, supported by mutual fund inflows and larger-than-usual tax refunds. 🔸 Rubner expects mid-month volatility normalization to catalyze a durable bounce into April.